MERIDIAN
M&AHealthcareSIGNED

Cinven to acquire Theramex for €2.6bn from Carlyle and PAI Partners

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Value
€2.6Bn
Acquirer
Cinven
Target
Theramex

Cinven has agreed to buy women's health and menopause specialist Theramex from Carlyle and PAI Partners for €2.6bn. The transaction values the business at more than double what the selling private equity firms paid four years ago.

✦ Meridian Analysis
Cinven has signed a €2.6 billion transaction to acquire Theramex, a specialist in women’s health and menopause, from Carlyle and PAI Partners. The transaction value represents more than double the price paid by the private‑equity owners four years ago. A deal of this size typically combines equity from the buyer with a debt component, often arranged through senior secured loans or a syndicated facility.
Read the original at Financial Times →2026-11-03Europe
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